Ever since Amazon invented affiliate marketing more than a decade ago, the idea has been exploding like crazy. The Internet is a big world no one can possibly dominate on their own.
In offline business which depends heavily on location, even if the business is serving a small town, still anyone can take advantage of the power of referral marketing. On the Internet, even you have gigantic advertising budget like Coca Cola, there's no way it can reach the entire Internet with their latest marketing message.
This is when the idea about affiliate marketing kicks in. Basically, a product owner offer an incentive to the affiliate partner to promote their products. If someone take action or buy the product, the affiliate earn commission. It's as simple as that.
However, it can be extremely powerful.
Nowadays building a team of affiliates can be a full time job. Affiliates look for more than a product. They also want to make sure you offer them more than great commission (everybody does that), but also a lot of promotional tools, educational materials and even long term relationship like in joint venture.
Here are a few ideas that you should focus on when building your affiliate team:
1. Communication
Send personal message. Build relationship. Don't send email just to notify for new products and push them to promote. Given that everybody is offering more or less the same incentive (more money, contests, etc.) what makes your program different from others?
2. Education
Provide value to the team of affiliates via education. A lot of new affiliates don't know where to start, even experienced marketers can benefit from insider secrets about which product works best.
Being helpful is the fastest way to build relationship.
Remember that affiliates are creative business people. You'll be surprised with the amount of feedback you get that can improve your program even more.
3. Motivation
Again, big reward is just one typical reason they should join and act upon your affiliate program. Do better by providing motivation for them to take action and actually promote your product.
4. Long term relationship.
I can't stress this enough. It's important to the success of your business, not one single promotion. A gift as simple as a mug for my birthday helps me remember a product merchant. Now that's what I call being unique and different.
Hendry Lee helps small business owners overcome technology challenges in starting and marketing their online business.
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Marketing Loop.
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